The post Binance Delisting 2 Spot Trading Pairs: Is NOT and RDNT Price at Risk? appeared first on Coinpedia Fintech News
The world’s largest crypto exchange, Binance has announced the removal of two major NOT/BNB and RDNT/BTC spot trading pairs from its exchange. This decision comes after Binance’s regular review process, which evaluates factors like dropping liquidity and trading volume issues. If you’re currently holding positions in these pairs, here’s everything you need to know about.
Why Is Binance Removing These Trading Pairs?
In an announcement, Binance stated that it regularly reviews all trading pairs to ensure a smooth and efficient experience for users. They’ve decided to remove NOT/BNB and RDNT/BTC because these pairs don’t have enough trading activity and liquidity to stay on the platform.
In simpler terms, they aren’t being traded enough to meet Binance’s standards for keeping them available.
As a part of Binance’s commitment to enhancing user experience, only pairs that maintain a healthy level of trading activity and liquidity are kept on the platform.
When Will The Delisting Take Place?
The delisting will take place on December 6, 2024, at 03:00 UTC. Meanwhile, from that moment, users will no longer be able to trade NOT/BNB or RDNT/BTC on Binance.
However, Binance will not be removing the individual tokens from the platform altogether. Users can still trade the base and quote assets of these pairs in other available markets on Binance.
Impact on Spot Trading Bots
If you’re using Spot Trading Bots with the NOT/BNB or RDNT/BTC pairs, you need to act quickly. Binance will stop supporting these pairs for trading bots on December 6 at 03:00 UTC. This means that any active bots using these pairs will be stopped working. So to avoid any issues or losses users are strongly advised to update or cancel their bots ahead of time.
For most users, the impact will be minimal, provided they are not heavily invested in these specific trading pairs.